Crypto treasuries are dead, and on the first day of Christmas, my portfolio showed to me – a shitcoin worth almost nothing. On the second day of Christmas, my portfolio showed me two halted trades …

Oh, you get the point! We’re in a bear market heading into the most cheerful time of the year.

More recently, shares of Juventus, the football club, jumped more than 17% on Monday, briefly trading around €2.56, after the majority owner, Exor, rejected an unsolicited all-cash takeover proposal from the stablecoin giant Tether. Crypto ain’t it anymore; the cool kids are getting off the train:

Tether’s offer, submitted late last week, reportedly valued Juventus at roughly €1.1 Bn, or €2.66 per share, a premium of about 21% to Friday’s close. Exor’s response was blunt:

“Exor reaffirms that it has no intention of selling any of its shares in Juventus,” the company said in a statement, explicitly naming Tether among rejected suitors.

DISCOVER: 20+ Next Crypto to Explode in 2025

Are Crypto Treasuries Dying? Why Tether Is Circling Legacy Assets

Despite Monday’s rally, Juventus remains down roughly 19% over the past year and more than 60% over five years, reflecting weak on-field results and lingering financial strain since its last league title in 2020.

Tether’s interest in Juventus aligns with a broader pattern, yet one that may be faltering. The USDT issuer has been deploying capital aggressively across traditional sectors, from media to robotics, as stablecoins edge closer to the global financial mainstream.

(Source: Yahoo)

Visa recently estimated that stablecoin infrastructure could eventually reach parts of the $40 trillion global credit market, underscoring why issuers are seeking real-world footholds.

Tether already owns a minority stake in Juventus, acquired in February, and could return with a revised offer now that the market has repriced the stock.

For now, investors are treating Exor’s rejection as a signal of hidden value rather than a dead end. Juventus’ market cap still sits below €1 Bn, well under Tether’s proposed valuation.

Are Crypto Presales Dying Too? Is Maxi Doge The Next Shiba Inu?

Although crypto treasuries are finally seeing some pushback, crypto presales are doing the most in this bear market. One of those is Maxi Doge (MAXI) , which is aiming for the pet-themed meme-coin throne by pairing Dogecoin’s irreverent branding with utility closer to what you’d expect from a modern Ethereum project.

The presale has already pulled in over $4.3M at a token price of $0.0002735, and the team is leaning hard into a mix of comedy and calculated incentives.

What Maxi Doge does best is be a meme with high memetic value. Moreover, about a quarter of the total supply for Maxi Doge is set aside for community rewards and partnerships with high-leverage trading platforms, giving MAXI a built-in engine for speculation and user engagement. Holders can also stake their tokens for triple-digit annual yields, over 100%.

It’s still a meme coin at heart, but MAXI’s structure shows it could be more.

Visit MAXI Here

EXPLORE: Will The Illuvium ILV Crypto Devastation Continue? Staking V3 To Go Live

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Key Takeaways

  • Crypto treasuries are dead, and, on the first day of Christmas, my portfolio showed to me, A shitcoin worth almost nothing
  • About a quarter of the total supply for Maxi Doge is set aside for community rewards and partnerships

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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